Business

Suez Canal revenue up 25 Oct 2013 - 04:13 am

CAIRO: Revenue from Egypt’s Suez Canal rose 1.5 percent in September from a year earlier to $442m, Egypt’s state information portal said yesterday....

Ooredoo names CEOs for two subsidiaries 25 Oct 2013 - 04:13 am

Doha: Ooredoo announced yesterday that it has approved two CEO-level appointments for its international operations. Ross Cormack, the former CEO of Nawras, has...

Manufacturing output in US hit by shutdown 25 Oct 2013 - 04:12 am

NEW YORK/LONDON: Fact-ories in China boosted production this month, but US manufacturing output fell for the first time in four years while the...

Ford narrows losses in Europe 25 Oct 2013 - 04:12 am

DETROIT: Ford Motor Co boosted its full-year global profit outlook yesterday, as its European picture brightened and stronger overseas operations sparked better-than-expected third-quarter...

Wataniya’s profit drops in third quarter 25 Oct 2013 - 04:12 am

DUBAI: Wataniya, Kuwait’s No.2 telecom operator, reported a slight drop in third-quarter profit yesterday, missing analysts’ estimates as the company’s under-performance continued. The...

Egypt hints at selling shares to fund high-speed rail project 25 Oct 2013 - 04:12 am

CAIRO: The Egyptian government is considering selling shares to the public to help finance a high-speed passenger rail project extending up the Nile...

3.29 million unemployed in France 25 Oct 2013 - 04:10 am

PARIS: Unemployment in France hit a new record high in September with the number of people officially registered as looking for work rising...

ExxonMobil and QP support QIBWF 24 Oct 2013 - 08:43 am

From left: Raed Chehaib, Ahmed Ali Al Mawlawi, Aisha Al Fardan and Machaille Al Naimi at the press conference. DOHA: Qatar Business Women...

UAE inflation set to rise, but to stay manageable: Analysts 24 Oct 2013 - 08:43 am

DUBAI: Figures released yesterday suggested inflation in the United Arab Emirates will creep higher in coming months, fuelled by a strong revival in...

US oil sinks to lowest since July on stocks 24 Oct 2013 - 08:43 am

LONDON: US crude fell below $97 a barrel to its lowest since July yesterday, outpacing a smaller drop in Brent futures, pressured by...

Beema records 111 percent growth in net profit 24 Oct 2013 - 08:41 am

DOHA: The Board of Directors of Daman Islamic Insurance Company (Beema) has approved the financial statements of the Company for the nine months...

Salam International reports QR107.1m net profit 24 Oct 2013 - 08:40 am

DOHA: Salam International Investment Limited (SIIL) has reported a net profit of QR107.1m for the nine-month period ending September 30. The interim financial...

QNB announces completion of dual-tranche bond issue 24 Oct 2013 - 08:40 am

DOHA: QNB Group has announced the completion of its highly successful dual-tranche US dollar bond amounting to $1.5bn under its Euro Medium Term...

QNB wins three Global Finance Magazine awards 24 Oct 2013 - 08:35 am

Doha: Qatar National Bank (QNB) has secured three awards from Global Finance Magazine at an awards ceremony held during the recent IMF and...

Saudi-US strain unlikely to hit business ties 24 Oct 2013 - 08:35 am

RIYADH: Saudi Arabia’s frustration with its main ally the United States over Middle East policy will not harm business relations or oil sales,...

Jet Airways posts record loss 24 Oct 2013 - 08:34 am

NEW DELHI: India’s Jet Airways reported its worst quarterly loss on record, squeezed by high fuel costs and a weaker local currency, as...

Egypt not to import Israeli gas through pipeline 24 Oct 2013 - 03:48 am

CAIRO: Egypt is not interested in importing gas via pipeline from Israel and instead is focusing on a plan to import liquefied natural...

Boeing lifts 2013 forecast as profit soars 24 Oct 2013 - 03:47 am

WASHINGTON: Boeing yesterday raised its 2013 earnings forecast on the wings of soaring third-quarter profit, lifted by a 15 percent jump in revenues...